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Q. Permanent working capital ___________.

Q. A firm has Capital of Rs. 10,00,000; Sales of Rs. 5,00,000; Gross Profit of Rs. 2,00,000 and Expenses of Rs.1,00,000. What is the Net Profit Ratio?

Q. The formula used for calculation of labor rate variance is

Q. Hirer is entitled to claim ___________.

Q. In what order should current assets be present on a statement of financial position?

Q. Budgetary control helps the management in…

Q. The Moore Corporation is considering the acquisition of a new machine. The machine can be purchased for $90000; it will cost $6000 to transport to Moore’s plant and $9,000 to install. It is estimated that the machine will last 10 years, and it is expected to have an estimated salvage value of $5,000. Over its 10-year life, the machine is expected to produce 2,000 units per year, each with a selling price of $500 and combined material and labour costs of $450 per unit. Federal tax regulations permit machines of this type to be depreciated using the straight-line method over 5 years with no estimated salvage value. Moore has a marginal tax rate of 40%. What is the net cash flow for the tenth year of the project that Moore Corporation should use in a capital budgeting analysis?

Q. Which of the following statements are not true about budget, budgeting & budgetary control?

Q. __________ denotes a situation of too much or excessive working capital.

Q. An example of fixed asset is________.